Barclays PLC Reaffirms “Overweight” Rating for Talktalk Telecom Group PLC (TALK)
Talktalk Telecom Group PLC (LON:TALK)‘s stock had its “overweight” rating reiterated by stock analysts at Barclays PLC in a report issued on Tuesday. They currently have a GBX 350 ($4.57) price target on the stock. Barclays PLC’s target price indicates a potential upside of 70.73% from the stock’s current price.
A number of other equities analysts have also commented on TALK. Deutsche Bank AG restated a “buy” rating on shares of Talktalk Telecom Group PLC in a research note on Tuesday. Haitong Bank restated a “sell” rating and set a GBX 150 ($1.96) price objective on shares of Talktalk Telecom Group PLC in a research note on Tuesday, July 26th. Societe Generale lowered Talktalk Telecom Group PLC to a “sell” rating and lowered their price objective for the stock from GBX 190 ($2.48) to GBX 185 ($2.41) in a research note on Thursday, July 21st. HSBC lifted their price target on Talktalk Telecom Group PLC from GBX 225 ($2.94) to GBX 245 ($3.20) and gave the company a “hold” rating in a research note on Wednesday, June 15th. Finally, Jefferies Group decreased their price target on Talktalk Telecom Group PLC from GBX 150 ($1.96) to GBX 140 ($1.83) and set an “underperform” rating on the stock in a research note on Tuesday, June 21st. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Talktalk Telecom Group PLC currently has a consensus rating of “Hold” and a consensus target price of GBX 246.50 ($3.22).
Shares of Talktalk Telecom Group PLC (LON:TALK) opened at 205.00 on Tuesday. The company’s market cap is GBX 1.94 billion. The company has a 50-day moving average price of GBX 207.57 and a 200-day moving average price of GBX 228.26. Talktalk Telecom Group PLC has a 12-month low of GBX 184.00 and a 12-month high of GBX 319.50.
In other Talktalk Telecom Group PLC news, insider Torrens,Iain acquired 132 shares of the company’s stock in a transaction dated Friday, August 12th. The shares were bought at an average cost of GBX 225 ($2.94) per share, with a total value of £297 ($387.68).
About Talktalk Telecom Group PLC
TalkTalk Telecom Group PLC is a United Kingdom-based provider of fixed line broadband, voice telephony, mobile and television services. The Company serves approximately four million residential and business customers under the TalkTalk and TalkTalk Business brands. The Company, through blinkbox Entertainment Limited (blinkbox), provides multi-device, multi-platform video content.
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